https://rightsideofthechart.com/swing-trade-ideas-7-14-22/ Stock Trading, Investing & Market Analysis Fri, 15 Jul 2022 06:24:20 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/swing-trade-ideas-7-14-22/#comment-24346 Fri, 15 Jul 2022 06:24:20 +0000 https://rightsideofthechart.com/?p=208670#comment-24346 With no change in fundamentals in Eurozone, Euro will likely remain vulnerable unless Dollar stops rallying. DXY monthly below, looks like its going for that dotcom level around 121. With crude being up 50% since 2019 highs and Euro down over 20%, the probability of Euro (and EU economy) strengthening seems very unlikely. ECB is scheduled to hike rates by 0.25 on July 21 so this may be the day you’re waiting for a brief spike. I don’t believe they can do meaningful increases given the amount of debt and overall situation in EU.

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